PUBLIC PRIVATE PARTNERSHIP AND ECONOMIC GROWTH WITH SPECIAL REFERENCE TO INDIA ? AN OVERVIEW

In this era of globalization, public private partnership acts as an instrument for meeting the ever increasing demands with the resources as well as meeting quality with accessibility. In an economy where there is a mix of daunting challenges and opportunities PPP would definitely lay a solid foundation for economic growth and development and would help India become a major player in the global economy. A couple of evidence shows that PPP has a far reaching significance for rapidly advancing countries. The reason is that the development in all spheres has become a prime agenda. PPP is an approach if the government adopts and implement would facilitate the improvement of public services in a situation where the public sectors are facing budgetary constraints and again there is a scope of private investments in varied sectors. It is a PPP that allows an effective utilization of resources by the government facilitating greater economic activities and enabling more benefit to the public